- ArcPacific Resources Corp. (ACP) is pleased to announce a non-brokered private placement for gross proceeds up to $1,500,000
- The company will issue up to 15,000,000 units at a price of $0.10 per unit
- The gross proceeds will be used to fund exploration expenditures on the TL Nickel Project
- ArcPacific Resources Corp. is a Canadian based exploration company
- Arcpacific Resources Corp. (ACP) opned trading at C$0.16
ArcPacific Resources Corp. (ACP) is pleased to announce a non-brokered private placement for gross proceeds up to $1,500,000.
The company will issue up to 15,000,000 units at a price of $0.10 per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional share for $0.20 for a period of thirty-six months.
All securities issued will be subject to a statutory four-month hold period.
Company insiders are expected to participate for up to $100,000.
The company will pay finder fees in cash and broker warrants.
The gross proceeds will be used to fund exploration expenditures on the TL Nickel Project, claim maintenance on other properties, and general working capital.
The company holds an option to acquire a 100 per cent interest in the TL Nickel Project located 50 kilometres northwest of Voisey’s Bay Ni-Cu-Co mine and 70km west of the town of Nain, in Newfoundland.
ArcPacific Resources Corp. is a Canadian based exploration company.
Arcpacific Resources Corp. (ACP) opned trading at C$0.16.
